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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Outlet malls
1516 Glenoaks Blvd Glendale, CA 91201-1943
Trust Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7903883
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1947
Construction
WOOD
Total area
5,937 SF
Lot
0.2 ac (8,561 SF)
Zoning code
GLC3*
APN
5623-029-037
UPID
US09-7903883
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Coast 2 Coast Carriers Trucking Company
-
The American Armenian Childrens Fund, Inc. Charitable Organization Social Service Agency
-
MCA Whitney Recording Studios Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.57M
Owner & transaction history
Tahmazian Ivet Living Trust · 16 yrs held
Tahmazian Ivet Living Trust
since 2010
7 recorded transactions
Zoning & alternative use
GLC3* · Glendale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Glendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Glendale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$264 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,056
Tax year 2024
Assessed value
$675,887
Assessed 2024
Previous assessed
$675,887
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$431,595
Assessed improvement
$244,292
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
5,937 SF
Lot
0.2 ac (8,561 SF)
Zoning code
GLC3*
APN
5623-029-037
UPID
US09-7903883
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
GLC3* · Glendale, CA
Zoning GLC3* · permitted uses
GLC3* · Glendale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Glendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Tahmazian Ivet Living Trust
Trust
Free & Clear · 16 yrs held
Mailing address
13955 WEDDINGTON ST, SHERMAN OAKS, CA 91401-5752
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2010
—
Tahmazian Ivet Living Trust
Tahmazian J & I Trust
Quit Claim Deed
related
—
Jul 23, 2009
—
Tahmazian J & I Living Trust
Tahmazian,jilbert & Ivet
Quit Claim Deed
related
—
Apr 12, 1996
$415,000
Jilbert Tahmazian
Glendale Federal Bank
Grant Deed
$332,000 · Glendale Federal Bank
Dec 5, 1995
$268,361
Glendale Federal Bank
Luzuriaga Trust
Trustees Deed
related
—
Oct 31, 1989
—
Adel T Luzuriaga
Luzuriaga Adel
Quit Claim Deed
related
—
Oct 27, 1988
$700,000
Adel Luzuriaga
Watts Allen J&na
Trustees Deed
$377,000 · Glendale Federal Bank
—
—
Adel T Luzuriaga
—
Deed Of Trust
related
$255,000 · Glendale Federal Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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